Employers Holdings Inc (EIG) to Distribute Quarterly Dividend of $0.34 on August 26th

Employers Holdings Inc (NYSE:EIG) declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Wednesday, August 12th will be given a dividend of 0.34 per share by the financial services provider on Wednesday, August 26th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, August 12th.

Employers has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Employers has a payout ratio of 38.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Employers to earn $2.35 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 57.9%.

Employers Stock Performance

Shares of EIG opened at $51.48 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average price is $48.01 and its 200-day moving average price is $44.25. Employers has a 52 week low of $35.73 and a 52 week high of $52.59. The stock has a market cap of $939.09 million, a P/E ratio of 74.62 and a beta of 0.46.

Employers (NYSE:EIG) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.13. The company had revenue of $220.20 million during the quarter, compared to analyst estimates of $203.51 million. Employers had a return on equity of 1.27% and a net margin of 0.91%.The firm’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter last year, the company earned $0.48 EPS. Equities research analysts anticipate that Employers will post 2.15 earnings per share for the current fiscal year.

About Employers

Employers Holdings, Inc (NYSE: EIG) is a publicly traded property and casualty insurance holding company headquartered in Des Moines, Iowa. Through its subsidiaries, Employers Mutual Casualty Company and Employers Preferred Insurance Company, the firm specializes in providing workers’ compensation coverage alongside an array of commercial insurance products. Its service offerings include general liability, commercial auto, businessowners policies and umbrella coverages, tailored to meet the risk-management needs of small and mid-sized businesses across multiple industries.

The company markets its insurance solutions primarily through a network of independent agencies and brokers, leveraging local market expertise to underwrite policies that address the unique exposures faced by clients in manufacturing, construction, healthcare, retail and service sectors.